R Nagaraj, Radhicka Kapoor write: It was not because of micro and small informal firms’ transition to formality, but because they were squeezed out by large formal enterprises
Contract workers, who are hired via an intermediary (contractor) and are not on the payrolls of the company on whose shop floors they work, have been at the centre of much dispute over the last decade.
How do we increase earnings of those at the bottom of the pyramid? One way is by devising strategies that enhance productivity growth in the informal economy.
As we grapple with a health, economic and humanitarian crisis of epic proportions, the immediate need is to provide emergency relief to cushion the effects of the dual shocks of the virus and lockdown on informal workers.
